EnerSys (ENS): restructuring charge — EnerSys to close Tijuana facility, take $37M charge, shift production to Springfield, MO

EnerSys

Pre-tax restructuring charge of ~$37M; $14M non-cash (equipment write-offs), $23M cash (severance, decommissioning).
Expected annual pre-tax benefit of ~$20M beginning in fiscal year 2028.
Approximately 474 employees to be reduced upon completion; facility closure by December 2027.
Majority of Tijuana production transferred to existing TPPL plant in Springfield, Missouri.
Move aims to optimize cost structure, maximize advanced manufacturing tax benefits, and mitigate tariff risks.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

EnerSys announced a restructuring with charges of approximately $37 million affecting facility in Tijuana, Mexico (approximately 474 employees).

Type: restructuring
Charge: approximately $37 million
Affected area: facility in Tijuana, Mexico
Headcount: approximately 474 employees

Exact text from the filing

On March 25, 2026, EnerSys announced a plan to close its facility in Tijuana, Mexico, which focused on manufacturing lead acid batteries. EnerSys expects to incur a pre-tax charge of approximately $37 million under this restructuring plan when completed, the majority of which is expected to be incurred by the second half of fiscal year 2027, of which $14 million is expected to be non-cash charges primarily from equipment write-offs. Cash charges of approximately $23 million, include severance and employee retention costs, environmental related expenses and equipment decommissioning, along with contractual releases and legal expenses.

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Source: SEC EDGAR

accession 0001289308-26-000009

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